Sigma Lithium (NASDAQ:SGML) Stock Rating Upgraded by Canaccord Genuity Group

Sigma Lithium (NASDAQ:SGML) was upgraded by equities researchers at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research report issued on Friday, Marketbeat reports.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings restated a “sell (e+)” rating on shares of Sigma Lithium in a research report on Monday, December 29th. Citigroup lowered shares of Sigma Lithium from an “overweight” rating to an “underperform” rating in a report on Thursday, January 8th. Bank of America reaffirmed an “underperform” rating and issued a $13.00 target price (up previously from $11.00) on shares of Sigma Lithium in a research report on Thursday, January 8th. Zacks Research upgraded shares of Sigma Lithium from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $18.00 price objective on shares of Sigma Lithium in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $17.17.

Sigma Lithium Stock Performance

NASDAQ:SGML opened at $14.74 on Friday. The company’s 50-day moving average is $12.21 and its two-hundred day moving average is $8.27. Sigma Lithium has a 1-year low of $4.25 and a 1-year high of $16.87. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.49 and a quick ratio of 0.32. The firm has a market capitalization of $1.64 billion and a price-to-earnings ratio of -47.55.

Sigma Lithium (NASDAQ:SGML) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.10). Sigma Lithium had a negative net margin of 24.13% and a negative return on equity of 35.97%. The business had revenue of $28.55 million during the quarter, compared to the consensus estimate of $70.54 million. Analysts forecast that Sigma Lithium will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Sigma Lithium

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its position in shares of Sigma Lithium by 15.9% during the second quarter. BNP Paribas Financial Markets now owns 21,897 shares of the company’s stock worth $99,000 after acquiring an additional 3,005 shares during the period. Farther Finance Advisors LLC purchased a new position in Sigma Lithium in the fourth quarter valued at $51,000. Virtu Financial LLC increased its holdings in Sigma Lithium by 26.6% during the 3rd quarter. Virtu Financial LLC now owns 20,053 shares of the company’s stock worth $129,000 after purchasing an additional 4,210 shares during the period. Electron Capital Partners LLC raised its position in Sigma Lithium by 0.4% in the 2nd quarter. Electron Capital Partners LLC now owns 1,067,947 shares of the company’s stock valued at $4,806,000 after purchasing an additional 4,557 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Sigma Lithium by 6.4% in the 3rd quarter. Millennium Management LLC now owns 81,543 shares of the company’s stock valued at $520,000 after buying an additional 4,909 shares during the period. Hedge funds and other institutional investors own 64.86% of the company’s stock.

More Sigma Lithium News

Here are the key news stories impacting Sigma Lithium this week:

• Positive Sentiment: Sigma announced the sale of an additional 100,000 tonnes of high‑purity lithium fines at a price reportedly higher than the prior sale — a clear near‑term revenue catalyst. Newsfile Release
• Positive Sentiment: The company reiterated that mining remobilization activities are on track and expected to conclude as previously announced, reducing near‑term execution risk. Newsfile Release
• Positive Sentiment: Canaccord Genuity upgraded SGML from “hold” to “buy,” providing bullish analyst support that can boost investor demand. Zacks / Canaccord Note
• Positive Sentiment: Sigma publicly pushed back on inaccurate media claims about its Brazil operations, which helped calm investor concerns and contributed to the rebound in shares. MSN: Fake News Denial
• Neutral Sentiment: Analysts and commentators are re‑running valuation checks after the fresh sale and mine progress; some view the sale as supportive but note the need for sustained revenue and operating scale. Yahoo Finance Valuation
• Neutral Sentiment: Coverage pieces highlight the company’s capacity‑doubling plan and bullish scenarios but flag execution and market demand as key variables for the long‑term bull case. Yahoo: Bull Case / Capacity
• Negative Sentiment: Bank of America maintains an underperform rating on SGML, underscoring persistent analyst skepticism and reminding investors of the company’s negative margins, leverage and execution risks. MSN: BofA Rating

About Sigma Lithium

Sigma Lithium Corp. is a Canada-based mineral exploration and development company focused on the sustainable production of battery-grade lithium from hard rock deposits. The company’s flagship asset is the Grota do Cirilo lithium project, located in the state of Minas Gerais, Brazil. Grota do Cirilo comprises a fully permitted, low-altitude spodumene mine and processing plant designed to produce high-purity lithium concentrate and downstream lithium hydroxide for the global electric vehicle and energy storage markets.

Since its founding in 2018, Sigma Lithium has pursued a vertically integrated approach, overseeing each stage of production from ore extraction and beneficiation to chemical conversion.